The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1887-09-15
asz THE IRON TRADE. -z

The state of the iron market at the
present time furnishes another proof
that Cleveland's clean and conservative
administration has created q feeling of
security. among business men that is
eminently favorable to trade. We are
indebted to the Iron Trade Review for
the following synopsis of facts taken from
Its Market Review" They relate
mainly to pig iron, and are grouped un-
der the names of the places whence the
reports come.
CLEvELAND.-There are no stocks on
hand. What is made, over and above
future delivery long engaged, is readily
sold and smaller manufacturers are con-
stantly looking for iron, for immediate
delivery. Prtces are firm and while it is
true that some large buyers are holding
OIL for lower quotations. the state of
business and the healthy tone Of the market
by no means warrant any such result,
either in the immediate future or for
some months to come. Iron makers haze
no difficulty in disposing of their material as
where one buyer holds off, there are ten
who will purchase. The hardware trade
reports an erceilent business IN nearly every
department. Shop goods are selling ex-
ceptionally well and small dealers are
placing larger orders than usual.
The ore business IS booming and the
furnaces are rapidly filling up on old Or
ders. The receipts of the week were 49,
666 tons as against 81, ,529 tons during the
corresponding week in 1866, a gain OF r.
l37 tons +; and the rail shipments of the
week were 25,620 tons, as against 1,424
tons during the corresponding week in
1856, the gain being Ii, 1856 tons.
CINCINNArI.-A. firm, active market, with
out any exciting or material change in
prices, was the prevailing feature OF the
Week. Orders booked have been about
equally divided between those for i'm
mediate and those for future delivery.
Northern Ohio and Western Pennsyl-
vania furnaces are protiting by the ab-
sence OF Southern iron in the market,
and taking good orders in the field
hitherto occupied by Southern irons
.SrLt'rs are generally firm and confident in
their vieaUs, but do not sOdnt TO put prices
higher If 1t can be avoided. Notwith-
standing the complete resumption of
furnaces stopped by the coke strike,
there is still marked scarcity OF desir-
able grades OF iron. for early delivery, and
the four furnaces that are in shape to take
CHIcAGo.-An almost unprecedented run
of small orders has kept dealers busy dur
ing the week. Careful inquiry indicates
that there is less iron bought ahead than
at correspond time in previous years.
This indicates that buying must continue
liberal throughout The FdH and Winter.
Most foundries are using up iron faster
than expected. There are no important
changes in prices, but a slow, steady
hardening in soft irons and Lake Superior
charcoal,
ST. I.oUIs.-There is freezer disposition
to buy iron in this market. Orders have
| been liberal since last report, and they
have been quite large for forward de-
| livcrics. The theory that the recent
| stitiening in prices was temporary and
would disappear as soon as the coke
strike was ended, is about abandoned
IL SEEMS apparent that there piu be a ldrg,
aud uniform demand throughout the Fdl
and Winter, and 1t will tar the furnaces 4
! their full capacity, to meet it; principal sell
Iers are opposed to any Jflrthor aduanee u
! prices, heing we'll satisfied ss they are
They find i difficult, ho,Ueuer, to meet tn,
demand upon them at these figures.
CHArrANooaA.EThe tenor of genera
business for the past two weeks has beer
characterized by a continuation of the
same activity that has prevailed durins
the entire year. The merchants ant
manufacturers are all doing iUeu and ar,
having full line of trade in their re
spective callings and so far as can be OBJ
served are making money,